Trade cooperation agreements signed by South Africa’s President Cyril Ramaphosa and Chinese President Xi Jinping for the investment are to benefit the local infrastructure, ocean economy, green economy, science and technology, agriculture, environment, as well as finance sectors.
“Strengthening partnership with the world’s leading economy and reliable trade partner has afforded South Africa with opportunities to increase its exports, accelerate infrastructure delivery, economic recovery and job creation,” said SANCO National Spokesperson, Jabu Mahlangu in a statement released… read more
Ana Lucía Coronel, who heads the IMF team for South Africa, said: “The recommendation of IMF staff is to increase competition in all sectors, so that more private companies, domestic and foreign, could invest and compete in the production of services – not only in telecommunications, but also in energy, transport, and other sectors”.
The IMF also said that the use of technology still has a long way to advance in South Africa, given the potential of the economy.
The lender said the cost of internet in the country is high and the quality is low, because there are very… read more
Shireen Mentor, a 29-year-old resident of Montevideo, near Manenberg, has been named one of the world’s top young scientists.
Mentor, a PhD student from the University of the Western Cape (UWC) has just returned from a prestigious science conference in Germany, and is already preparing for her next visit to the USA.
Mentor’s five-day trip to Germany late last month came after being selected to attend the 68thLindau Nobel Laureate Meeting, which is one of the most prestigious science conferences in the world.
She was one of six South African female scientists nominated… read more
The Lancaster Foundation, a nonprofit company created by Lancaster Group, said on Friday it would provide a R1.6 million grant to Difeme, the investment company established by trade union Fedusa, to help kickstart a quartz mining and beneficiation hub in the Northern Cape.
It said Difeme had partnered with state-owned mineral and mining research centre Mintek to develop the appropriate technologies to process the quartz to the valuable purity standard of greater than 99.99% purity.
“By supporting Difeme’s bankable feasibility study, the Lancaster Foundation… read more
South Africa’s Deputy Trade and Industry Minister (DTI) Bulelani Magwanishe has invited Indian pharmaceutical companies to invest in the South Africa in order to contribute to the growth of the country’s economy, the ministry said on Monday.
“We have launched a major investment recruitment drive of $100 billion (over a trillion Rand) in the next five years. Our visit to India prioritises investment in the pharmaceuticals, medical devices and consumables. These are the main sectors that we have identified for growth,” Magwanishe said addressing potential investors at a pharmaceutical… read more
In small countries and territories including Bermuda, Malta, Gibraltar and Liechtenstein, officials have recently passed laws, or have legislation in the works, to make themselves more welcoming to cryptocurrency companies and projects. In Malta, the government passed three laws on July 4 so companies can easily issue new cryptocurrencies and trade existing ones. In Bermuda this year, the legislature passed a law that lets start-ups doing initial coin offerings apply to the minister of finance for speedy approval.
“We are 65,000 people, and 20 square miles, but we have a very… read more
Many of the city’s residents are still sceptical that this means the opposition party will win Monday’s election.
Nearby, Zanu-PF, the party that has ruled Zimbabwe since independence in 1980 also held a rally. One thing is certain: for the first time since independence — the end of white-minority rule — Robert Mugabe will not be the president after an election.
We leave it to readers to estimate the size of the MDC Alliance rally at Freedom Square using the top photo on this article.
The party’s leader, Nelson Chamisa, addressed a crowd wearing colourful red… read more
Some consolation for a disappointing tour they claimed four wickets each to help bowl out Sri Lanka for 193, a total the visitors passed in just 31 overs to take a 1-0 lead in the five-match series.
South Africa’s chase depended on an 86-run third-wicket stand between Quinton de Kock and skipper Faf du Plessis, who both hit 47.
Off spinner Akila Dananjaya struck at crucial moments to get three wickets but Jean-Paul Duminy ensured a swift chase with his 32-ball unbeaten 53.
But it was a superb opening pace spell from Rabada and Shamsi’s career-best figures… read more
Some ‘interesting’ comments have been levelled at Sagarmatha Technologies, post our announcement that we plan to list the company on the Johannesburg Stock Exchange. Before I unpack what Sagarmatha is and will do, so everyone can be on the same page, let me address the less salubrious remarks that have percolated certain quarters last week.
This is not about a company that is in financial trouble needing to settle a loan. Let’s make that very clear. It’s about a future where eCommerce is driving the digital economy across Africa, supported by the broad reach of a media organisation… read more
If you would like someone to defend you in a court case, would you keep switching lawyers? If you would like a stable, nurturing marriage, would you repeatedly get divorced and re-married? If you would like a winning team or company, would you hire only interim coaches or CEOs?
If you answered “no” to any of the above, then you can see why the findings from a recently published study in BMJ Open are not surprising. Researchers from St Leonard’s Practice (Denis J. Pereira Gray, Kate Sidaway-Lee, and Eleanor White), University of Exeter (Angus Thorne), and the University… read more